NEOS Bitcoin High Income ETF (BATS:BTCI) Sees Large Decrease in Short Interest

NEOS Bitcoin High Income ETF (BATS:BTCI) was the target of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 109,939 shares, a decrease of 71.2% from the October 15th total of 381,114 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 597,258 shares, the short-interest ratio is presently 0.2 days.

NEOS Bitcoin High Income ETF Price Performance

BTCI stock opened at $28.55 on Friday. The company’s 50-day simple moving average is $32.46 and its 200-day simple moving average is $32.59. NEOS Bitcoin High Income ETF has a 52-week low of $26.52 and a 52-week high of $53.39.

Hedge Funds Weigh In On NEOS Bitcoin High Income ETF

A number of large investors have recently bought and sold shares of the business. Retirement Planning Group LLC purchased a new position in NEOS Bitcoin High Income ETF during the third quarter worth approximately $1,769,000. Independent Financial Group LLC purchased a new stake in shares of NEOS Bitcoin High Income ETF in the first quarter valued at approximately $787,000. Farther Finance Advisors LLC increased its position in shares of NEOS Bitcoin High Income ETF by 221.5% in the third quarter. Farther Finance Advisors LLC now owns 63,336 shares of the company’s stock valued at $2,138,000 after buying an additional 43,633 shares in the last quarter. New England Private Wealth Advisors LLC raised its stake in shares of NEOS Bitcoin High Income ETF by 28.8% during the 3rd quarter. New England Private Wealth Advisors LLC now owns 38,138 shares of the company’s stock worth $1,287,000 after buying an additional 8,523 shares during the period. Finally, Simplex Trading LLC acquired a new position in shares of NEOS Bitcoin High Income ETF during the 3rd quarter worth approximately $545,000.

NEOS Bitcoin High Income ETF Company Profile

The NEOS Bitcoin High Income ETF (BTCI) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a fund-of-funds that seeks high monthly income with the potential for appreciation by investing in ETPs with exposure to bitcoin while also utilizing call option strategies. BTCI was launched on Oct 17, 2024 and is issued by Neos.